Modus Advisors LLC Has $422,000 Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Modus Advisors LLC lowered its stake in Entegris, Inc. (NASDAQ:ENTGFree Report) by 2.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,000 shares of the semiconductor company’s stock after selling 80 shares during the period. Modus Advisors LLC’s holdings in Entegris were worth $422,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Entegris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,554,015 shares of the semiconductor company’s stock valued at $1,743,862,000 after buying an additional 101,129 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of Entegris by 0.4% during the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 shares in the last quarter. London Co. of Virginia increased its position in shares of Entegris by 0.6% in the third quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock worth $269,311,000 after purchasing an additional 17,077 shares during the period. Norges Bank acquired a new position in Entegris in the fourth quarter valued at about $278,727,000. Finally, Earnest Partners LLC lifted its position in Entegris by 1.6% during the third quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company’s stock worth $166,222,000 after purchasing an additional 27,810 shares during the period.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP James Anthony O’neill sold 6,761 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the completion of the sale, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at $1,822,542. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,752 shares of company stock valued at $1,792,723. 0.67% of the stock is owned by company insiders.

Entegris Trading Up 1.7 %

Shares of NASDAQ:ENTG traded up $2.37 during mid-day trading on Tuesday, hitting $137.98. The company had a trading volume of 607,283 shares, compared to its average volume of 1,362,068. The company has a market capitalization of $20.81 billion, a PE ratio of 66.91 and a beta of 1.24. Entegris, Inc. has a one year low of $84.13 and a one year high of $146.91. The firm has a fifty day moving average price of $130.94 and a 200 day moving average price of $127.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02.

Entegris (NASDAQ:ENTGGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $771.03 million for the quarter, compared to analyst estimates of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, research analysts forecast that Entegris, Inc. will post 3.25 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Tuesday, April 30th. Entegris’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENTG. Mizuho upped their target price on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Monday, May 13th. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price on the stock. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.67.

Read Our Latest Stock Analysis on ENTG

Entegris Profile

(Free Report)

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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